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The Mikado
Moderators
YaBB God
    
Posts: 14058

Political Matrix E: -1.55, S: -1.22

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« Reply #74 on: September 29, 2008, 08:29:18 pm » |
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Will someone introduce this:
The Business Administration Investment Legislation in Order to Undermine Turmoil (BAILOUT) Act of 2008:
Section 1: The regional government of the Mideast shall set aside certain funds not to exceed 3% of the Mideastern budget, to be spent at the discretion of the Governor with oversight by the Speaker of the legislature, for the purchase of "toxic" mortgages from investment bankers. The government reserves the right to alter the terms of mortgages in a reasonable manner in order to make a profit for taxpayers more likely.
Section 2: Executive compensation, including salaries, bonuses, and stock options, shall not exceed 120 times the compensation package of the lowest-paid employee. Any pay past that level will be subject to 75% taxation.
Section 3: Banks registered in the Mideast cannot carry out both banking and investment functions. This section shall be called the "Restore Glass-Steagall Provision"
Section 4: The Mideast shall cooperate with any bailout plan passed by the federal government, but will pursue its own recovery plans regardless of the actions of the Atlasian government.
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